Lake Forest Illinois Real Estate
Lake Forest, Illinois, is located in Lake County, 10 miles S of Waukegan, Illinois and 27 miles N of Chicago, Illinois. Lake Forest has a population of 20,059.
Lake Forest Homes
Lake Forest properties pool is 6,695 residential properties including Lake Forest new homes. Median age of real estate in Lake Forest is 1968. Average Household size is 3.17 people. 1% are one bedroom homes, 9% are 2 bedroom homes, 24% are 3 bedroom homes, 40% are 4 bedroom homes, and 25% are 5+ bedroom homes.
Lake Forest Mortgage Statistics
Lake Forest mortgages vs. USA median statistics
| Homes |
Lake Forest |
USA |
| Homes With No Mortgage |
26% |
30% |
| Homes With Mortgage |
74% |
70% |
| First Mortgage Only |
53% |
54% |
| First & Second Mortgage or HELOC |
21% |
16% |
Lake Forest Area Real Estate Tax
Lake Forest Real estate Tax: Median Real Estate Taxes (2000) were $8,435 comparing to 1999 Median Family income $ 165,512. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).
Lake Forest School District: Children make up 27.5% of Lake Forest population. Lake Forest has 5,520 under 18 years old residents, or 0.66 kids per one worker, or 0.82 kids per one household.
Lake Forest Real Estate & Lake Forest Homeownership
There are 1272.05 or 19% one person households, 2410.2 or 36% two person households, and 937.3 or 14% three person households in Lake Forest, Illinois. Median residents age is 41, Senior citizens (65+) make up 2,925 or 14.6%% of Lake Forest population.
There are 8,311 workers (over 16 years of age) in Lake Forest. Of these, 72.4% drive to work. Approximately 12.01% of workers in Lake Forest take public transportation. An estimated 4.91% walk to work.
Median Lake Forest homeowner's housing expences are 18.8%
Crime in Lake Forest (2003), crimes per 10,000 residents per year
| Type of Crime |
Lake Forest |
USA, 2003 |
| Violent Crimes |
NaN |
47.5 |
| Robberies |
NaN |
14.2 |
| Aggravated Assaults |
NaN |
29.5 |
| Property Crimes |
NaN |
358.8 |
| Burglaries |
NaN |
74.0 |
| Larceny-Thefts |
NaN |
241.5 |
| Motor Vehicle Thefts |
NaN |
43.3 |
Invest in Lake Forest Properties
When making a decision about buying real estate in Lake Forest Illinois area, you should consider following statistical data:
| Category |
Lake Forest |
USA |
| Near Medium City |
Waukegan, Illinois |
- |
| Near Large City |
Chicago, Illinois |
- |
| Lake Forest Zip Codes |
60045 |
- |
| Lake Forest Area Codes |
847 |
- |
| White population |
93.8% |
75.1% |
| African-American population |
1.35% |
12.3% |
| Asian |
3.45% |
3.6% |
| American Indian & Alaskan |
0.06% |
0.9% |
| Hispanic (of any race) |
1.87% |
12.5% |
| Median Family Income (1999) |
$ 165,512% |
$42,000 |
| Population Below Poverty Level |
1.95% |
12.4% |
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